Australia’s national property prices fell further again in August as reduced borrowing capacity and fast-rising interest rates continue to weigh on demand. Across the country, property prices dropped another 0.39% in August to a new $763,000 median, and are now 2.7% below their peak, according to the latest PropTrack Home Price Indicator report. Prices continued…
We’re building more of them. Aussie homes and apartments are, according to the 2021 Census. In fact, over the past five years, Australia saw the fastest increase in occupied homes in at least two decades, and newly built apartments drove much of that growth. But even with the rapid growth in apartment living, Australia’s housing stock…
What an incredible 12 months for our property markets around the country! Amazingly, you could have purchased a property anywhere a year ago and you would have made money. On the surface every property looks good in a rising market, but how well have you really done? This is something we work with our clients…
As the RBA Governor hinted Thursday, Australia’s cash rate hikes could halve from next month. Governor Lowe said: “the case for a slower pace of increase in interest rates becomes stronger as the level of the cash rate rises”. In fact, ANZ and CBA have updated their forecasts today on the back of Governor Lowe’s…
How much have you been using your credit cards lately? According to RBA’s latest data for July, Australians gave their credit cards a much-needed break in July, with the total debt and value of transactions both dropping from the previous month. In fact, it shows debt accruing interest was $17.04 billion, a drop of $308…
There’s lots of talk that rising rates will cause mortgage stress which may even crash the property markets. But the value of new mortgages with risky levels of debt has continued to drop, according to new data released by APRA. APRA’s Quarterly ADI Property Exposure report for the June 2022 quarter shows 22.1 per cent…
You often hear about buyers being gazumped or struggling to get the right information from the real estate agent to even be able to submit an offer. And how about the sellers who don’t even trust their own real estate agent enough to take their advice? These stories, and the many other grey areas surrounding real…
Are you one of the many Australians who are madly saving money to stave off the rising cost of living? According to the new research by Finder, the average Australian has $39,439 in savings in August. That’s a 75% increase from six months earlier – up from $22,565 in March – and a record high…
There is a debate in the world about the usefulness and alleged obscene amounts of money earned by some professions. It’s widely acknowledged that real estate agents are not the most trusted professions in Australia. A recent Roy Morgan survey revealed that just 5% of Australians trust real estate agents, (down 2%) all hitting new…
When you make your offer on a property there are a few things to keep in mind to give you the upper hand in the negotiation. These are just as important in the current market as they were during the times of the property booms. So, let’s look at some tactics that should help you….
